Is Rivian Stock Primed To Deliver Gains After The Launch of The R2?
The R2 will either make or break the underdog EV maker.
Overview
Rivian (NASDAQ: RIVN) officially launched its R2 SUV in the U.S. on June 9. Could this newest car lift Rivian's stock, which trades nearly 80% below its IPO price of $78?
When Rivian went public in 2021, it only sold three electric vehicles: the R1T pickup, R1S SUV, and custom electric delivery vans for Amazon (and later other companies).
Image source: Rivian Automotive.
Details
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Originally published at www.fool.com.
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